Q1. UDAY is a path breaking reform and the Hon’ble Prime Minister’s vision of affordable and accessible 24x7 Power for All. The Cabinet approved an extension in the deadline for implementing the Ujjwal Discom Assurance Yojana (UDAY) to ________.
a) December 31, 2017
b) March 31, 2018
c) June 30, 2018
d) March 31, 2017
e) May 31, 2019
Q2. AIIB President Jin Liqun and Chinese Vice Minister of Finance Shi Yaobin signed a Contribution Agreement in which city on China’s $50 million contribution to the newly established AIIB Project Preparation Special Fund (the Fund)?
a) Shanghai
b) Beijing
c) Tokyo
d) Guangzhou
e) Nanchang
Q3. _________________, President and CEO, of global technology player and investment bank Soft Bank Group (SBG) has resigned from his position recently.
a) Rana Kapoor
b) Nikesh Arora
c) Chandra Shekhar Ghosh
d) Sundar Pichai
e) None of the above.
Q4. Life Insurance Corporation of India (LIC) is an Indian state-owned insurance group and investment company headquartered in Mumbai. Who was the chairman of state-owned Life Insurance Corporation of India who has resigned two years before his term ends?
a) SK Roy
b) TS Vijayan
c) RS Sharma
d) TM Bhasin
e) Nikesh Arora
Q5. Shri Suresh Prabhakar Prabhu, Hon’ble Minister for Railways dedicated the 81 Km New Rail Line to the nation by flagging- off the inaugural Passenger Train Service between __________ and _________ through video-conferencing.
a) Ambala, Amritsar
b) Faridabad, Kurukshetra
c) Rohtak, Guru gram
d) Sonepat, Jind
e) Patna, Ranchi
Q6. Which bank recently sold 18 per cent of its stake in Star Union Dai-ichi Life Insurance Company to joint venture partner Dai-ichi Life Insurance Company (DILIC)?
a) Bank of India
b) Bank of Maharashtra
c) State Bank of India
d) Punjab and Sindh Bank
e) None of the above
Q7. Which country became the tenth largest recipient of foreign direct investment in 2015 in the world, grossing $44 billion following a series of reforms by the government, as per the latest World Investment Report released by the United Nations Conference on Trade and Development (UNCTAD)?
a) Pakistan
b) China
c) Russia
d) India
e) Sri Lanka
Q8. Which Indian Company has snapped up digital transformation firm UK-based entity BIO Agency for 40 million pounds in an all-cash deal to expand its digital portfolio?
a) RIL
b) Tech Mahindra
c) TCS
d) Wipro
e) Adani Group
Q9. The Shanghai Cooperation Organization (SCO) is an intergovernmental organization founded in Shanghai on 15 June 2001 by six countries, People’s Republic of China, Kazakhstan, Kyrgyz Republic, Russia, Tajikistan, and Uzbekistan. Where Shanghai Cooperation Organisation (SCO) summit was held recently?
a) Beijing, China
b) Ufa, Russia
c) New Delhi, India
d) Tashkent, Uzbekistan
e) None of the above
Q10. The Union Cabinet has approved the mega-spectrum auction plan which is estimated to fetch how much amount to the exchequer?
a) Rs 15.45 lakh crore
b) Rs 12.20 lakh crore
c) Rs 7.26 lakh crore
d) Rs 5.66 lakh crore
e) None of the above
Answers:
Q1. UDAY is a path breaking reform and the Hon’ble Prime Minister’s vision of affordable and accessible 24x7 Power for All. The Cabinet approved an extension in the deadline for implementing the Ujjwal Discom Assurance Yojana (UDAY) to ________.
a) December 31, 2017
b) March 31, 2018
c) June 30, 2018
d) March 31, 2017
e) May 31, 2019
Explanation: The extension of the timeline is also to give states that have given their in-principle approval a little more time to order their finances before signing the official document. So far, 19 States have given in-principle approval to join the scheme, out of which 10 states—Rajasthan, Uttar Pradesh, Chhattisgarh, Jharkhand, Punjab, Bihar, Haryana, Gujarat, Uttarakhand and Jammu & Kashmir—have signed MoUs with the Centre.
Q2. AIIB President Jin Liqun and Chinese Vice Minister of Finance Shi Yaobin signed a Contribution Agreement in which city on China’s $50 million contribution to the newly established AIIB Project Preparation Special Fund (the Fund)?
a) Shanghai
b) Beijing
c) Tokyo
d) Guangzhou
e) Nanchang
Explanation: The largest among the first four loans is a joint effort of AIIB and the World Bank (WB) to improve Indonesian substandard housing, amounting to a total of 216.5 million US dollars.
Q3. _________________, President and CEO, of global technology player and investment bank Soft Bank Group (SBG) has resigned from his position recently.
a) Rana Kapoor
b) Nikesh Arora
c) Chandra Shekhar Ghosh
d) Sundar Pichai
e) None of the above
Explanation: The development comes just a day after Arora was given a clean chit by SBG following an allegation by US-based law firm Boies, Schiller & Flexner, which claimed to represent the interests of certain unidentified SBG and Sprint Corporation shareholders, against him for financial irregularities.
Q4. Life Insurance Corporation of India (LIC) is an Indian state-owned insurance group and investment company headquartered in Mumbai. Who was the chairman of state-owned Life Insurance Corporation of India who has resigned two years before his term ends?
a) SK Roy
b) TS Vijayan
c) RS Sharma
d) TM Bhasin
e) Nikesh Arora
Explanation: Prior to becoming chairman, he was zonal manager of the north, central and eastern zones.
Q5. Shri Suresh Prabhakar Prabhu, Hon’ble Minister for Railways dedicated the 81 Km New Rail Line to the nation by flagging- off the inaugural Passenger Train Service between __________ and _________ through video-conferencing.
a) Ambala, Amritsar
b) Faridabad, Kurukshetra
c) Rohtak, Guru gram
d) Sonepat, Jind
e) Patna, Ranchi
Explanation: The commissioning of 81 Km Jind-Sonipat railway link provides direct rail connectivity between these two cities and would afford a very convenient mode of travel. Prior to this new rail line, the existing rail link was a detour via Delhi/New Delhi at 171 kms and via Rohtak/Panipat at 116 kms. The estimated cost of the project is Rs.740.80 Cr.
Q6. Which bank recently sold 18 per cent of its stake in Star Union Dai-ichi Life Insurance Company to joint venture partner Dai-ichi Life Insurance Company (DILIC)?
a) Bank of India
b) Bank of Maharashtra
c) State Bank of India
d) Punjab and Sindh Bank
e) None of the above
Explanation: The stake sale comes in the backdrop of foreign direct investment in the insurance sector being relaxed, whereby foreign insurers can up their stake to 49 per cent from the earlier cap of 26 per cent. The stake sale should also be seen in the context of the government asking public sector banks to sell their investments in non-core assets to garner capital.
Q7. Which country became the tenth largest recipient of foreign direct investment in 2015 in the world, grossing $44 billion following a series of reforms by the government, as per the latest World Investment Report released by the United Nations Conference on Trade and Development (UNCTAD)?
a) Pakistan
b) China
c) Russia
d) India
e) Sri Lanka
Explanation: Among the investment promotion agencies, India is the sixth most preferred investment destination, one rank above last year's. In terms of Greenfield investments, India received $63.44 billion in foreign investment commitment, more than $59.4 billion for China.
Q8. Which Indian Company has snapped up digital transformation firm UK-based entity BIO Agency for 40 million pounds in an all-cash deal to expand its digital portfolio?
a) RIL
b) Tech Mahindra
c) TCS
d) Wipro
e) Adani Group
Explanation: Though it is a small acquisition for the fifth largest IT services player in the country, BIO is expected to help Tech Mahindra compete with larger global rivals, Accenture and Cognizant, who have been able to build strong digital portfolios largely driven by acquisitions of not just smaller IT firms but also buying digital agencies.
Q9. The Shanghai Cooperation Organization (SCO) is an intergovernmental organization founded in Shanghai on 15 June 2001 by six countries, People’s Republic of China, Kazakhstan, Kyrgyz Republic, Russia, Tajikistan, and Uzbekistan. Where Shanghai Cooperation Organisation (SCO) summit was held recently?
a) Beijing, China
b) Ufa, Russia
c) New Delhi, India
d) Tashkent, Uzbekistan
e) None of the above
Explanation: India was accepted as a full member of the Shanghai Cooperation Organisation (SCO) summit held recently, a six-member regional grouping, to which Prime Minister Narendra Modi offered to work in combating terror and boosting trade by easing barriers.
Q10. The Union Cabinet has approved the mega-spectrum auction plan which is estimated to fetch how much amount to the exchequer?
a) Rs 15.45 lakh crore
b) Rs 12.20 lakh crore
c) Rs 7.26 lakh crore
d) Rs 5.66 lakh crore
e) None of the above
Explanation: The auction would include sale of most premium 700 Mhz band at a reserve price of Rs. 11,485 crore per Mhz. The bidding is expected from September 1.
